European hotel transaction volume reaches €5.7bn in H1

by   CIJ News iDesk II
2020-09-03   08:59

New European hotel transaction data from Cushman & Wakefield reveals that the first half of 2020 saw a marked increase in investors retreating to their home regions amid Covid-19 related uncertainty. Approximately 78 percent of the recorded €5.7bn in transactions ( a y-o-y decrease of 55 percent) originated from within Europe. The report, Europe Hospitality H1 2020, shows that about 79 percent of the deal volume was agreed before the Covid-19 outbreak. There were, however, still several notable deals agreed after the outbreak, totalling €1.2bn, confirming that there are investors confident about the long-term prospects of the hotel sector.